BKIE vs. IDHQ
BKIE (BNY Mellon International Equity ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds - BKIE tracks the Morningstar Developed Markets ex-US Large Cap Index while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 5 years, BKIE returned 9.19%/yr vs 9.28%/yr for IDHQ. Their correlation of 0.91 suggests significant overlap in exposure. BKIE charges 0.04%/yr vs 0.29%/yr for IDHQ.
Performance
BKIE vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, BKIE achieves a 8.20% return, which is significantly lower than IDHQ's 23.16% return.
BKIE
- 1D
- -1.71%
- 1M
- 0.06%
- YTD
- 8.20%
- 6M
- 7.80%
- 1Y
- 22.90%
- 3Y*
- 17.32%
- 5Y*
- 9.19%
- 10Y*
- —
IDHQ
- 1D
- -3.06%
- 1M
- 6.76%
- YTD
- 23.16%
- 6M
- 22.77%
- 1Y
- 36.24%
- 3Y*
- 20.04%
- 5Y*
- 9.28%
- 10Y*
- 11.04%
BKIE vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 8.20% | 32.08% | 4.63% | 18.25% | -13.60% | 13.75% | 34.17% |
IDHQ Invesco S&P International Developed High Quality ETF | 23.16% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 33.53% |
Correlation
The correlation between BKIE and IDHQ is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.91 |
The correlation between BKIE and IDHQ has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
BKIE vs. IDHQ — Risk / Return Rank
BKIE
IDHQ
BKIE vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Equity ETF (BKIE) and Invesco S&P International Developed High Quality ETF (IDHQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BKIE | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.33 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.71 | -0.69 |
| Martin ratioReturn relative to average drawdown | 7.76 | 10.71 | -2.95 |
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Drawdowns
BKIE vs. IDHQ - Drawdown Comparison
The maximum BKIE drawdown since its inception was -28.19%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for BKIE and IDHQ.
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Drawdown Indicators
| BKIE | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -73.84% | +45.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -13.44% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -14.07% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -33.54% | +5.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.54% | — |
Current DrawdownCurrent decline from peak | -1.87% | -3.06% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -21.14% | +16.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.39% | -0.43% |
Volatility
BKIE vs. IDHQ - Volatility Comparison
The current volatility for BNY Mellon International Equity ETF (BKIE) is 4.96%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 10.09%. This indicates that BKIE experiences smaller price fluctuations and is considered to be less risky than IDHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKIE | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 10.09% | -5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 18.76% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 20.63% | -5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 17.85% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 17.99% | -1.62% |
BKIE vs. IDHQ - Expense Ratio Comparison
BKIE has a 0.04% expense ratio, which is lower than IDHQ's 0.29% expense ratio.
Dividends
BKIE vs. IDHQ - Dividend Comparison
BKIE's dividend yield for the trailing twelve months is around 3.27%, more than IDHQ's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 3.27% | 3.12% | 3.31% | 2.88% | 2.97% | 2.58% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.06% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
Frequently Asked Questions
With a correlation of 0.91, BKIE and IDHQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IDHQ has higher volatility (10.09%) compared to BKIE (4.96%). In terms of maximum drawdown, BKIE dropped -28.19% vs IDHQ's -73.84%.
On 5-year performance, IDHQ leads with 9.28% vs 9.19% for BKIE. On fees, BKIE is cheaper at 0.04% per year. On volatility, BKIE has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IDHQ has performed better with a 9.28% return vs 9.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKIE is cheaper with a 0.04% expense ratio, compared with 0.29% for IDHQ.
BKIE has the higher dividend yield at 3.27%, compared with 2.06% for IDHQ.
BKIE tracks Morningstar Developed Markets ex-US Large Cap Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: BNY Mellon and Invesco. Their fees differ too: 0.04% for BKIE and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (1.77 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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